Hong Kong's Hang Seng jumped 1.4% to 16,703.76, while the Shanghai Composite added 0.2% to 3,031.90. In energy trading, benchmark U.S. crude fell 4 cents to $81.91 a barrel. Wall Street edged back ... ( read original story ...)
BRICS development bank aims to make $5 bln in loans in 2024
The New Development Bank (NDB), set up by the BRICS group of emerging economies, aims to make about $5 billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday. “During the ... ( read original story ...)
Chinese cities to close local financial asset exchanges to defuse risks
Four Chinese provinces and cities are shutting down their financial asset exchanges as part of efforts to crack down on illegal fundraising and rising risks in local government finances. Local ... ( read original story ...)
China stocks edge lower as yuan eases, property sector in focus
The biggest percentage gainers in the main Composite index were Jiangsu Liance Electromechanical Technology , up 14.8%, followed by Beijing Dalong Weiye Real Estate Development, gaining 10.18%, and ... ( read original story ...)
China Merchants Bank Gains on Dividend Surprise
China Merchants Bank’s shares rose after the lender surprised with a boost in its dividend ratio while annual earnings came in largely as expected. ( read original story ...)
What to See, Eat, and Buy During Shanghai Fashion Week
Loewe's landmark exhibition, Supreme's first outpost in China, and a street immortalized by Wong Kar Wai's popular TV series "Blossoms Shanghai" are worth visiting between the shows. ( read original story ...)
Mitsukoshi Isetan to shut Shanghai department store in June
Major Japanese department store operator Isetan Mitsukoshi Holdings Ltd. said Monday its outlet in Shanghai will close in late Jun ... ( read original story ...)